Upbeat dollar on Trump landslide victory
EURUSD slightly recovered to 1.0750 after nosediving to near 1.0700 in Wednesday’s European trading, the lowest level in four months. The major currency pair was hit badly as Republican Donald Trump took the Senate from Democrats after gaining an unconquered lead in key battleground states. The
By Naeem Aslam Bitcoin has reacted swiftly to the results of the U.S. presidential election, with Donald Trump clinching victory and reclaiming
MoreCyprus
See All »Labour unions rejected the mediation proposal by the Cyprus labour minister, aimed at avoiding an all-out conflict in the hotel sector, citing that the collective agreement should have a more solid legal
Read MoreGermany wants to extradite an online scammer arrested in Cyprus on Thursday, involved in financial fraud worth €300 mln. A large-scale online
Economic growth in Cyprus is expected to accelerate this year and to remain robust in 2025, supported by favourable labour market conditions,
Tourist arrivals in Cyprus saw an annual increase of 4.5% in September, rising to 509,463 compared to 487,350 in the same month
Business
See All »deVere Group, a major independent financial organisation, has been awarded a Family Office Licence by the Financial Services Commission (FSC) of Mauritius, securing its position as a worldwide leader in comprehensive wealth management services. A family office handles investment and
Read MoreBank of Cyprus Holdings PLC, the Ireland-registered parent of Bank of Cyprus Group, delisted from London and returned to the Athens Stock
July’s tech selloff sent shockwaves through the market as investors shifted away from mega-cap stocks and high-growth sectors in favour of smaller-cap
Hellenic Bank announced that it has priced an issue of €100 mln Senior Preferred Notes under the bank’s €1.5 bln Euro Medium
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Europe should remain united in condemning Russian aggression and keep applying pressure to make Moscow change its behaviour, President Nicos Anastasiades said during his trip to Estonia. He urged the EU to
MoreThe US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to 216,000 for the week ending October 26, while the Employment
MoreAs Donald Trump’s odds of winning the White House seemingly improve, investors are being warned that a swift retaliation from Europe would likely deliver a hammer blow to US stocks. Already, a
MoreComment
See All »Labour unions rejected the mediation proposal by the Cyprus labour minister, aimed at avoiding an all-out conflict in the hotel sector, citing
The governor of the Central Bank of Cyprus (CBC) Chris Patsalides issued a startling warning last week for banks to reconsider their
By Nick Kochan Cyprus was once a congenial bolthole for Russians who sought security for their business, with minimal controls or taxes.
By Marios Konstantinou For decades, buyers without title deeds have beset the Cyprus property market. Thus, the House of Representatives intervened with
By Nick Kochan Thomson Reuters Regulatory Intelligence Analysis Cyprus’s financial services compliance and enforcement organisations have been undergoing root-and-branch reforms, but the island’s
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Energy
See All »West Texas Intermediate prices struggled to capitalise on Monday’s modest gains and oscillated in a narrow band, around the $69.70-69.75 area on Tuesday. The US benchmark crude oil remained within striking distance of a nearly three-week low touched last Friday and seems
Read MoreBy Naeem Aslam Oil prices continue to deflate while war tensions are very much anchored in place between Iran and Iraq. There
West Texas Intermediate (WTI) crude oil prices kicked off the new week on a weaker note, moving away from a five-month peak
By Naeem Aslam Wednesday is not your typical ADP morning, which usually drives the price action. In fact, US and European stock
World
See All »EURUSD slightly recovered to 1.0750 after nosediving to near 1.0700 in Wednesday’s European trading, the lowest level in four months. The major
MoreBy Naeem Aslam Bitcoin has reacted swiftly to the results of the U.S. presidential election, with Donald Trump clinching victory and reclaiming
MoreThe EURUSD currency pair gained to near 1.0890 in Tuesday’s New York session, remaining shy of the key resistance of 1.0900 on presidential election day
MoreThe US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to
MoreMaritime
See All »The International Chamber of Shipping (ICS), the trade body representing the world’s national shipowner associations, launched its e-learning Academy, which shipowners say will have “positive impact on crews and shipping companies worldwide.” “As the shipping industry faces increasing regulatory challenges
Read MoreThe Daleela passenger and car ferry resumed its Limassol to Piraeus sailings for the third season on Wednesday and will continue to
Workers at Kition Ocean Holdings, operator of the Larnaca marina and port concession that was terminated by the government on Monday, claiming
President Nikos Christodoulides emphasised the important contribution of shipping to the economic development of Cyprus on Tuesday, adding that his administration “will
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Life & Society
See All »Almost three-quarters of Britons, both living in the UK and expats abroad, may not retire with
Cyprus continues to suffer from high temperatures with the authorities issuing a rare, yellow summer warning
On the morning of October 7, 2023, I found myself reading the Economist when suddenly a
Primary pupils were sent home early on Friday, as soaring temperatures reached a high of 45
Cyprus recorded the hottest June in 23 years, with inland temperatures reaching an infernal 43.6 degrees